Mark Winget
About Mark Winget
Mark L. Winget serves as Vice President and Secretary of Nuveen Minnesota Quality Municipal Income Fund (NMS), with officer service across the Nuveen closed‑end fund complex since 2008; year of birth 1968. His principal occupations during the past five years include legal and governance roles across Nuveen/TIAA entities (Vice President and Assistant Secretary at Nuveen Securities, LLC and Nuveen Fund Advisors, LLC; Vice President, Associate General Counsel and Assistant Secretary at Teachers Advisors, LLC and TIAA‑CREF Investment Management, LLC; and Vice President and Associate General Counsel at Nuveen Asset Management, LLC) . Fund officers receive no compensation from the Funds (compensation is paid by the Adviser), and the proxies do not disclose pay‑for‑performance metrics for officers; board members and officers as a group beneficially own less than 1% of NMS shares, limiting direct ownership alignment signals for Winget .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Past 5 years (disclosed) | Fund legal and governance support across Nuveen closed‑end funds |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Past 5 years (disclosed) | Officer of the Funds (no fund‑paid compensation); supports board and shareholder processes |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (disclosed) | Legal/administrative oversight within TIAA/Nuveen complex |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (disclosed) | Legal governance for investment management operations |
| Nuveen Asset Management, LLC | Vice President and Associate General Counsel | Past 5 years (disclosed) | Legal counsel supporting investment adviser activities |
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| None disclosed for Winget in proxies | — | — | — |
Fixed Compensation
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Officer compensation paid by NMS Fund ($) | $0 (officers serve without any compensation from the Funds) | $0 (officers serve without any compensation from the Funds) |
- The CCO’s compensation is paid by the Adviser (with Board review/input); the Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for fund officers | — | — | — | — | — |
- Proxies do not disclose performance metrics, incentive targets, or vesting frameworks tied to compensation for fund officers; officer pay is not fund‑based .
Equity Ownership & Alignment
| Metric | 12/31/2023 | 12/31/2024 |
|---|---|---|
| NMS shares beneficially owned by Board Members and executive officers as a group (shares) | 0 | 0 |
| Group ownership as % of NMS shares outstanding | <1% | <1% |
- Board Members are expected to invest at least the equivalent of one year of compensation in funds within the Nuveen fund complex to promote alignment; this principle applies to trustees and not to officers like Winget .
- No pledging, hedging, or individual officer ownership in NMS is disclosed for Winget; the proxies note compliance with Section 16(a) filing requirements for Board Members and officers in the most recent periods .
Employment Terms
| Term | Detail |
|---|---|
| Officer title | Vice President and Secretary |
| Year of birth | 1968 |
| Length of service | Officer of Nuveen closed‑end funds since 2008 (term: indefinite; officers elected annually) |
| Compensation source | Paid by Adviser; no fund‑paid officer compensation |
| Non‑compete / non‑solicit | Not disclosed in proxies for fund officers |
| Severance / change‑of‑control | Not disclosed in proxies for fund officers |
| Clawback / tax gross‑ups | Not disclosed in proxies for fund officers |
| Section 16(a) compliance | Funds report timely compliance for Board Members and officers in the most recent fiscal years |
Investment Implications
- Compensation alignment: As a fund officer, Winget’s compensation is paid by the Adviser and not tied to fund performance metrics; the proxies do not disclose bonus targets, PSUs/RSUs, options, or vesting schedules, limiting pay‑for‑performance visibility and trading signals from vesting‑driven sales .
- Ownership alignment: No individual Winget holdings in NMS are disclosed; group ownership is <1%, and no pledging is reported—this reduces direct “skin‑in‑the‑game” signals at the fund level .
- Retention risk: Long tenure (since 2008) and continued officer designations point to low near‑term retention risk; however, absence of disclosed employment agreements (non‑compete, severance) in fund proxies leaves contract terms opaque .
- Governance context: Independent trustees oversee performance, risk, valuation, dividends, and governance; officers (including Winget) support fund operations without fund‑paid compensation. Trading or event‑driven signals for Winget are therefore more likely to arise from Adviser‑level disclosures or Form 4 activity, which is not provided in fund proxies and showed no delinquency in Section 16 filings .